PulteGroup pays $8M for 40 acres at Boca Lago Country Club

130-home development will be built on part of the golf course that was closed by club

TRD MIAMI /
Mar.March 27, 2017 04:40 PM

Rendering of a Boca Flores villa. Inset: Brent Baker, PulteGroup’s southeast Florida division president

PulteGroup just closed on a 40-acre site within the Boca Lago Country Club for $8.3 million. 

Pulte plans to develop a retirement community called Boca Flores on the Boca Raton land, the company announced on Monday. The 130-unit project will have two-story carriage-style homes with elevators and one-story villas. Prices will start in the high $300,000s.

The Atlanta-based home builder will launch sales in August and open model homes during the first quarter of next year. Homes in the gated community will range from 1,542 square feet to 2,399 square feet, and will include social memberships to Boca Lago.

The Boca project will be built on part of the golf course that was previously closed by the club, off Lyons Road and just south of Glades Road.

Pulte and other home builders in South Florida have taken advantage of available golf course land in recent months. Over the past year, 211 golf courses have closed and only 15 opened nationwide, according to the National Golf Federation.

Just last week, Pulte proposed building 850 homes on a former golf course in the Oak Tree community of Oakland Park in Broward County. The 139-acre site is the former Oak Tree Golf Course, which closed about 10 years ago. The company also recently paid $5.1 million for a former radio tower site in suburban Palm Beach County, where the national home builder plans 164 townhouses in a development called Preston Square. – Katherine Kallergis


Related Articles

arrow_forward_ios
From left: Howard Sands, Scott Tracy, and Kenton Wright

Walgreen sells store near Boca Raton for $9M

Shane Neman, and Mauricio Bello Richard Waserstein, with 525 Northwest 77th Street Marriott in Boca

Blackstone sells Marriott hotel in Boca Raton

Malcolm Butters, 950 Peninsula Corporate Circle in Boca Raton

Butters buys Boca Raton office building

A rending of the the project

REI to open first South Florida store in Boca Raton

Royal Palm Residences and Ignacio Diaz

Group P6 launches sales of new luxury condo project in Boca Raton

University Park and Square Mile Capital CEO Craig Solomon (Credit: Zillow)

Boca Raton student housing scores $71M refi

Rooms to Go CEO Jeffrey Seaman and 9465 Glades Road (Credit: Google Maps)

Rooms To Go CEO bags furniture store in Boca Raton

484 South Maya Palm Drive (Credit: Royal Palm)

Transportation exec buys Boca home for $12M

arrow_forward_ios
Loading...